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Berenberg Bank Reaffirms Their Buy Rating on Knorr-Bremse AG (KBX)

Tipranks - Tipranks - Sat Feb 21, 7:16AM CST

In a report released today, Yasmin Steilen from Berenberg Bank maintained a Buy rating on Knorr-Bremse AG, with a price target of €125.00.

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According to TipRanks, Steilen is an analyst with an average return of -1.4% and a 51.55% success rate. Steilen covers the Industrials sector, focusing on stocks such as JOST Werke AG, Durr AG, and NORMA Group SE.

In addition to Berenberg Bank, Knorr-Bremse AG also received a Buy from Deutsche Bank ‘s Gael De-Bray in a report issued today. However, yesterday, J.P. Morgan maintained a Hold rating on Knorr-Bremse AG (XETRA: KBX).

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Based on Knorr-Bremse AG’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of €1.88 billion and a net profit of €143 million. In comparison, last year the company earned a revenue of €1.91 billion and had a net profit of €129.94 million

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